Volatus Accelerates Its Growth into the Global UAV Market with Airial Robotics Partnership
Volatus Aerospace Corp.
Volatus Aerospace Corp. (TSXV: VOL) (OTCQB: VLTTF) ("Volatus" or "the Company") is pleased to announce that it has entered into an exclusive agreement to help manufacture, market and distribute Airial Robotics’ next generation of Unmanned Aerial Vehicles (UAVs) under the Volatus Aerospace brand and its subsidiaries. “We are already seeing significant demand for Airial Robotics’ products,” said Dean Attridge, Volatus Vice President of Solutions Engineering. “Our industry is at an inflection point and positioned for another period of explosive growth. Airial Robotics’ Gyrotrak passed our Vetted by Volatus evaluation for capability, safety, reliability, and suitability for night operations and flight beyond visual line of sight.” “Volatus Aerospace has the commercial reach and resources to help us scale quickly with the added benefit of offering training, manufacturing, and technical support,” said Joerg Schamuhn, CEO of Airial Robotics, headquartered in Germany. “In addition, their global network in defence immediately expands our overall available market. Our products are designed for challenging commercial applications and are ready for large-scale deployment.” Airial Robotics’ patented Gyrotrak technology redefines the possibilities of commercial drone applications by combining the low-energy principles of an autogyro with the hover, vertical take-off and landing features of a helicopter. The result is a disruptive hybrid UAV solution with enhanced flight stability and game-changing improvements in flight time, range, altitude, and payload. Their modular and scalable design supports size and weight class models ranging between 4kg and 600 kg take-off weight ideally suited to applications ranging from agriculture 4.0, cargo and offshore supply missions to inspection, public safety and defense missions. “As a career professional pilot, I am impressed. Airial Robotics created a new class of drone designed to aviation standards that outperforms any heavy-lift platform we have operated to date,” said Glen Lynch, CEO of Volatus Aerospace. “These UAV’s have real potential for positive change in the lives of people working in countless industries. In our own flight operations, its weather tolerance, heavy-lift, high-speed, and long-range capabilities make Gyrotrak ideal for our own cargo, agriculture, and oil and gas pipeline applications.” Volatus will manufacture, market and distribute Airial Robotic products under Volatus Aerospace and its subsidiaries OmniView Tech in Canada, Volatus Aerospace USA and Empire Drone in the USA, Volatus Aerospace LATAM in South America, and Volatus Aerospace UK & iRed Remote Sensing in EMEA. The company also intendeds to support and develop existing and qualified new dealers for the products. About Volatus Aerospace: Volatus Aerospace Corp. is a leading provider of integrated drone solutions throughout North America and growing into Latin America and globally. Volatus serves civil, public safety, and defense markets with imaging and inspection, security and surveillance, equipment sales and support, training, as well as R&D, design, and manufacturing. Through our subsidiary, Volatus Aviation, we are introducing green and innovative drone solutions to supplement and replace traditional aircraft and helicopters for long-linear inspections such as pipeline, energy, rail, and cargo services. Volatus is committed to carbon neutrality; the fostering of a safe, equitable and inclusive workplace; and responsible governance. Forward-Looking Information This news release contains statements that constitute “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs, and current expectations of the Company with respect to future business activities and operating performance. Often, but not always, forward-looking information and forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the foregoing) be taken, occur, be achieved, or come to pass. Forward-looking information includes information regarding: (i) the business plans and expectations of the Company; and (ii) expectations for other economic, business, and/or competitive factors. Forward-looking information is based on currently available competitive, financial, and economic data and operating plans, strategies, or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to the Company, including information obtained from third-party industry analysts and other third-party sources, and are based on management’s current expectations or beliefs. Any and all forward-looking information contained in this news release is expressly qualified by this cautionary statement. Investors are cautioned that forward-looking information is not based on historical facts but instead reflects expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Forward-looking information and forward-looking statements reflect the Company’s current beliefs and is based on information currently available to it and on assumptions it believes to be not unreasonable in light of all of the circumstances. In some instances, material factors or assumptions are discussed in this news release in connection with statements containing forward-looking information. Such material factors and assumptions include, but are not limited to: the commercialization of drone flights beyond visual line of sight and potential benefits to the Company; and meeting the continued listing requirements of the TSXV. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. The forward-looking information contained herein is made as of the date of this news release and, other than as required by law, the Company disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release. Source: Volatus Aerospace Corp. TSXV: VOL Contact Details Abhinav Singhvi +1 514-447-7986 firstname.lastname@example.org Company Website https://volatusaerospace.com
January 10, 2023 07:45 AM Eastern Standard TimeImage